Sold

40 Princess St

Sausalito CA, 94965

$3,000,000


$750.00 per sqft

Sold

4,000 sqft

Other

Built in 1920

A potential 6-unit mixed-use investment property consisting of two 3-bed-room, 2 bath units, 1-studio, 1 bath unit and three offices. Located in the heart of Sausalito, this well-maintained structure is endowed with substantial intrinsic value based on its classical Victorian architecture and absolutely premier location. With sweeping views of beautiful San Francisco Bay, this rare property allows for the potential re-configuration into a variety of uses including additional multi-family units and optimally situated boutique retail and office spaces. Currently, operates the property as a boutique Bed & Breakfast Hotel. The existing configuration includes six hotel rooms, one residential apartment and one office suite. Alternative uses are allowed. A renovation plan with guidance from the City of Sausalito will help a future investor achieve substantial market-level rents across all units. Property is extremely well suited to provide strong returns and considerable value appreciation.

322022022

MLS ID

April 27, 2024

Updated

Map

40 Princess St
Sausalito CA, 94965

Interior Features

Total Stories

0


Laundry Description

Washer/Dryer Hookups


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Individual

Exterior/Building Features

Lot Size

0.08 Acres


Exterior Features

Sidewalk


Lot Features

Sidewalk


Architectual Style

Victorian


Roof

Bitumen


Sewer

Public Sewer

Other Property Details

Area Name

Sausalito


Garage

No


Parking

Other


View

No


County

Marin


Water Source

Public


Pool

No


Buyer Agency Compensation

2%

Bought with John A Warner with John Warner, Broker and Listed by Erich M Reichenbach with Marcus & Millichap

Listing Contact:  

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